Allegheny Power 2014 Annual Report Download - page 148

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133
FIRSTENERGY SOLUTIONS CORP.
CONDENSED CONSOLIDATING BALANCE SHEETS
(Unaudited)
As of December 31, 2014 FES FG NG Eliminations Consolidated
(In millions)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ — $ 2 $ — $ — $ 2
Receivables-
Customers 415 — — — 415
Affiliated companies 484 487 674 (1,120) 525
Other 66 21 20 — 107
Notes receivable from affiliated companies 339 838 272 (1,449) —
Materials and supplies 67 202 223 — 492
Derivatives 147 — — — 147
Collateral 229 — — — 229
Prepayments and other 56 41 — (2) 95
1,803 1,591 1,189 (2,571) 2,012
PROPERTY, PLANT AND EQUIPMENT:
In service 133 6,217 7,628 (382) 13,596
Less — Accumulated provision for depreciation 36 2,058 3,305 (191) 5,208
97 4,159 4,323 (191) 8,388
Construction work in progress 3 206 801 — 1,010
100 4,365 5,124 (191) 9,398
INVESTMENTS:
Nuclear plant decommissioning trusts — — 1,365 — 1,365
Investment in affiliated companies 6,607 — — (6,607) —
Other — 10 — — 10
6,607 10 1,365 (6,607) 1,375
DEFERRED CHARGES AND OTHER ASSETS:
Accumulated deferred income tax benefits 276 76 — (352) —
Customer intangibles 78 — — — 78
Goodwill 23 — — — 23
Property taxes — 14 27 — 41
Unamortized sale and leaseback costs — — — 217 217
Derivatives 52 — — — 52
Other 34 277 7 (204) 114
463 367 34 (339) 525
$ 8,973 $ 6,333 $ 7,712 $ (9,708) $ 13,310
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
Currently payable long-term debt $ 18 $ 164 $ 348 $ (24) $ 506
Short-term borrowings-
Affiliated companies 1,135 321 28 (1,449) 35
Other 90 9 — — 99
Accounts payable-
Affiliated companies 1,068 197 219 (1,068) 416
Other 46 202 — — 248
Accrued taxes 2 62 161 (123) 102
Derivatives 166 — — — 166
Other 72 56 9 47 184
2,597 1,011 765 (2,617) 1,756
CAPITALIZATION:
Total equity 5,585 2,561 4,014 (6,575) 5,585
Long-term debt and other long-term obligations 695 2,215 859 (1,161) 2,608
6,280 4,776 4,873 (7,736) 8,193
NONCURRENT LIABILITIES:
Deferred gain on sale and leaseback transaction — — — 824 824
Accumulated deferred income taxes 13 — 678 (180) 511
Asset retirement obligations — 189 652 — 841
Retirement benefits 36 288 — — 324
Derivatives 14 — — — 14
Other 33 69 744 1 847
96 546 2,074 645 3,361
$ 8,973 $ 6,333 $ 7,712 $ (9,708) $ 13,310